Saturday, October 4, 2008

Welfare-state Policies Caused Financial Crisis

Quoting Star Parker, president and founder of CURE, the Coalition on Urban Renewal & Education, and author of the WND book ‘Uncle Sam's Plantation,’ where she offers five simple yet profound steps that will allow the nation's poor to go from entitlement and slavery to empowerment and freedom.
(I inserted the link):

“what we are watching is not a failure of markets, but the latest failure of the welfare state. The sad part is how few who wield political power seem to understand, or want to understand, that this is what's happened.

As the details behind the current debacle are unraveled, we see how government created one more entitlement – the right to own a house – and then devised an array of programs to subsidize in various ways ‘affordable housing.’ Like all welfare programs, the subsidies succeeded in influencing behavior, but the wrong behavior.”

“Those who want to use the current crisis as an excuse to expand government and welfare state policies contribute to laying the foundation for our next crisis.”
Click the image & read the rest:
Click the image & read the rest
Click here to read the primary post on this topic
(and all the rest).

No comments:

Hot Topics:

BEST Data - No Warming Over Last Decade
The AMO as a Driver of Climate Change
Fact check - The wealthy already pay more taxes
Rare Earth Elements Spell Doom for Green Fantasies
Wikipedia’s Climate Doctor
ClimateGate - The latest updates
Dr. Tim Ball on ClimateGate - The end of AGW hysteria?
ClimateGate: The Musical - Hide The Decline!
Lindzen and Choi SHATTER the IPCC Computer models!
It’s OFFICIAL! We HAVE elected our own Hugo Chavez!
Health Care “Reform”
Cap & Trade - It’s just a giant tax (on EVERYBODY)
The Radicals in the White House
ACORN - The truth
Transparency - Obama promised it. So, where is it?
The Cause of the Housing Debacle
Fiscal Responsibility - In Obama’s Fantasy World
Atlas Shrugged: From Fiction to Fact in 52 Years
Iraq War Media Deceptions 101 - Why the Iraq invasion was justified and necessary
Climate Change 101 - Learn what the SCIENCE says about the biggest hoax EVER!
Obama - on Climate Change
Obama’s Climate Czar - The most dangerous politician in the United States
Obama’s Climate Czar - Her Socialist revolution has begun
Compare the current recession to previous recessions
Obama - Historic & Catastrophic!
Is Obama a Socialist? You BETCHA!
Makers & Takers - Spread the wealth
Obama = International Crisis
The economic case against Obama
The comprehensive case against Obama
The deficit case against the Dems
A Liberal Supermajority? Watch Out!
Examine the series you should have read before voting!
Maggie’s Totalitarian Political Religion
“Kill him!” - Just another media lie?
Journalistic Integrity? - WHERE?
The post about the TED Spread
Save the nation from the Entitlement binge!
Market Reaction to $700 Billion Bailout Vote
Drill Here, Drill Now - Quantitative Facts
ANWR - Drill There, Drill Now
ANWR Matters - Here’s why
Coal Liquefaction (Liquid Fuels From Coal)
The Ethanol Debacle
Pickens Plan - Don’t Fall For it!
Energy Tomorrow Radio - GOOD Stuff!
Economic Forecast
Iraq
Obama
More…

Labels

Blog Archive